When the price of oil spikes at the Strait of Hormuz, the pressure is felt at the pump in Kampala, Lusaka, or Port Louis. The conflict in the Middle East has triggered a fuel shortage and a surge in global energy prices, the shockwave of which has spread across sub-Saharan Africa.
KIVIA ANALYSIS
Oil shock: How sub-Saharan Africa organized to contain the surge
Key takeaways
- When the price of oil spikes at the Strait of Hormuz, the pressure is felt at the pump in Kampala, Lusaka, or Port Louis.
- The conflict in the Middle East has triggered a fuel shortage and a surge in global energy prices, the shockwave of which has spread across sub-Saharan Africa.
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